A new survey report from S&P Global Ratings examining the pension
plans of the 15 largest U.S. cities “reveals some common trends and key factors
related to net pension liability per capita and funded ratios.”

MARKET MIRROR

Yesterday, the Dow lost 335.60 points (1.35%) to finish at 24,610.91, the NASDAQ closed 137.74 points (1.84%) lower at 7,344.24, and the S&P 500 decreased 39.09 points (1.42%) to 2,712.92. The Russell 2000 was down 15.49 points (0.98%) at 1,570.56, and the Wilshire 5000 fell 446.89 points (1.57%) to 28,098.29.

The price of the 10-year Treasury note was down 1/32, increasing its yield to 2.851%. The price of the 30-year Treasury bond decreased 6/32, bringing its yield up to 3.089%.